Esterline Technologies Corp (NYSE:ESL) Move as Institutional Investors’ Sentiment Worsens

October 2, 2018 - By Peter Erickson

Esterline Technologies Corporation (NYSE:ESL) Logo

Sentiment for Esterline Technologies Corp (NYSE:ESL)

Esterline Technologies Corp (NYSE:ESL) institutional sentiment decreased to 0.92 in Q2 2018. Its down -0.26, from 1.18 in 2018Q1. The ratio has dropped, as 80 hedge funds increased and opened new equity positions, while 87 sold and reduced their positions in Esterline Technologies Corp. The hedge funds in our partner’s database now possess: 27.28 million shares, down from 27.33 million shares in 2018Q1. Also, the number of hedge funds holding Esterline Technologies Corp in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 19 Reduced: 68 Increased: 52 New Position: 28.

Esterline Technologies Corporation designs, makes, and markets engineered products and systems primarily for aerospace and defense clients in the United States and internationally. The company has market cap of $2.62 billion. It operates through three divisions: Avionics & Controls, Sensors & Systems, and Advanced Materials. It has a 56.81 P/E ratio. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

The stock decreased 1.11% or $1 during the last trading session, reaching $89.08. About 76,275 shares traded. Esterline Technologies Corporation (NYSE:ESL) has risen 0.58% since October 2, 2017 and is uptrending. It has underperformed by 15.04% the S&P500.

Analysts await Esterline Technologies Corporation (NYSE:ESL) to report earnings on November, 8. They expect $1.43 earnings per share, up 12.60 % or $0.16 from last year’s $1.27 per share. ESL’s profit will be $42.11 million for 15.57 P/E if the $1.43 EPS becomes a reality. After $1.00 actual earnings per share reported by Esterline Technologies Corporation for the previous quarter, Wall Street now forecasts 43.00 % EPS growth.

Birch Run Capital Advisors Lp holds 1.8% of its portfolio in Esterline Technologies Corporation for 70,000 shares. Cove Street Capital Llc owns 212,205 shares or 1.7% of their US portfolio. Moreover, First Pacific Advisors Llc has 1.64% invested in the company for 3.08 million shares. The California-based Snyder Capital Management L P has invested 1.49% in the stock. Ironwood Investment Management Llc, a Massachusetts-based fund reported 20,341 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $146,395 activity.

Esterline Technologies Corporation (NYSE:ESL) Ratings Coverage

Ratings analysis reveals 0 of Esterline Technologies’s analysts are positive. Out of 2 Wall Street analysts rating Esterline Technologies, 0 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $66 while the high is $85. The stock’s average target of $75.50 is -15.24% below today’s ($89.08) share price. ESL was included in 2 notes of analysts from August 3, 2018. The firm earned “Underperform” rating on Tuesday, August 7 by Credit Suisse. The firm has “Hold” rating given on Friday, August 3 by Canaccord Genuity.

Another recent and important Esterline Technologies Corporation (NYSE:ESL) news was published by Streetinsider.com which published an article titled: “UPDATE: Esterline (ESL) Is Said to See Interest from TransDigm (TDG) – Bloomberg, Citing DealReporter” on September 14, 2018.

Esterline Technologies Corporation (NYSE:ESL) Institutional Positions Chart

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